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About SATRIX FINI PORTFOLIO
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Inception date
Feb 8, 2002
Replication method
Physical
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
Satrix Managers (RF) Pty Ltd.
ISIN
ZAE000036356
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
Strong gap and drive breakout + bullish engulfing on FINIBeautiful gap and drive breakout + a retest of the resistance line from the other side on STXFIN ETF signaling a strong run from the financial stocks. With a stop halfway through a the gap. with a target at the R18 high. provides a decent risk reward. I'm still bearish on the overall market and bul
Financials could be heading back down.Looking at the Satrix Fini, The recent bounce has merely served as a re-test of the "new resistance". If financials fail to break through this level, we could be in far a much larger leg down so be cautious about getting suckered into rallies. I still believe that we are in "short the bounces" mode.
SATRIX FINI - Analysis- The STXFIN has hit strong resistance, a downtrend line starting from April this year
- It will be interesting to see if the moving averages provide support here else a deeper pullback towards the swing lows will be on the cards.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and s
Satrix FIN ETF 🧐- Price is in a short term down trend and is below the 200 day moving average (black line)
- Next decent support is in the R13.30-13.60 zone
- Trend remains down while we make lower lows and lower highs
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as fin
$STXFIN Satrix Fin. Ominous looking head and shoulders The fund invests in the 15 largest financial companies listed on the JSE, ranked by investable market cap.
Head and shoulders formed with the right should on top op the 200 day moving average support line
A break of this support could see a price target of 1239. A long way down.
STXFIN: higher highs and higher lowsA bullish trend is applicable above 1630.
Crossing below this level will negate the bullish trend.
RSI is leaving enough room for further upside potential.
Expect some consolidation between 1660 and 1720.
Crossing above 1720 might support the price action to reach the target price.
Remains a risky t
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.